Page 32 - Employment Taxes Guide

// CORRECTING

EMPLOYMENT TAXES

- There are several ways to address adjustments to the

employment taxes you reported on your return.

- Effective for errors discovered on or after January 1,

2009, regulations were issued in connection with the

IRS's development of the "X" amended return forms.

- The "X" forms are used to report adjustments to

employment taxes and to claim refunds of overpaid

employment taxes.

- These forms correspond and relate line-by-line to the

employment tax return they are correcting.

- Employers should use the corresponding "X" forms

listed below to correct employment tax errors as soon

as they are discovered.

- For example, use Form 941-X, Adjusted Employers

QUARTERLY Federal Tax Return or Claim for Refund, to

correct errors on a previously filed Form 941.

- Taxpayers will continue to use Form 843 when

requesting abatement of assessed penalties and

interest.

- There is no "X" form for the Form 940, and taxpayers

will continue to use a Form 940 for amended returns by

checking the amended return box in the top right

corner of the Form 940.